Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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    We found 1 Canara Corporate Credit Card - Visa
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    1st Year Fee
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    250
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    Canara Corporate Credit Card - Visa is Rated as "Blown Away!" by 1 Users

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    Canara Corporate Credit Card - Visa

    Overview:

    The Canara Corporate Visa Credit Card is made available by Canara Bank to corporate customers, in order to meet their multiple requirements. These cards are provided only to non-individuals and add-on cards or supplementary cards are issued to individuals who are authorized by the concerned firm or company. The Bank issues different Canara Corporate Visa Credit cards for domestic and international use of the corporate clients.

    Benefits:

    • Reward Points: Customers can earn reward points on all their transactions made on this credit card. For each Rs. 100 transactions made on the Canara Corporate Visa Credit Card, customers can earn two reward points. One reward point has a cash value equal to Rs 0.25.
    • No Annual Fee: The Canara Corporate Visa Credit Card comes at minimal cost with zero annual fees attached. Customers can enjoy the benefits of this card by just paying a onetime enrollment fee. However, annual fees are applicable on add-on cards.
    • Cash Advance: The Bank sets a card limit on the credit offered to a company and this can be shared with the supplementary cardholders as well. The credit cardholder can withdraw cash from this credit card, with a maximum limit of 50% of the credit limit on the card or Rs. 5 lakhs, whichever is the highest. The Add-on Cardholders can withdraw cash worth not more than Rs. 25000 each month.
    • Add-on cards: The primary credit cardholder can apply for an add-on card for individuals within the company so that they can use the credit limit for their official requirements. The credit limit available on the card is shared with an authorized personnel of the company through the add-on card. These cards carry an annual fee of Rs. 400.
    • Mediclaim Insurance Policy: Canara Bank has partnered with United India Insurance Company Limited to offer Floating Medical Insurance Cover called the Family CANARA MEDICLAIM Policy and/or the Individual Cancomfort Policy to its credit cardholders at lower rates. This features the facility of cashless hospitalization.

    Features:

    • Internationally accepted: This credit card is offered to customers in association with VISA and is accepted around the world. The Canara Corporate Card - Visa can be used domestically as well as internationally in various ATMs and merchant outlets that accept Visa Cards. The card is also valid for transactions online and through Mail order, Interactive Voice Response System (IVRS), Teleshopping, etc.
    • Interest-free period: The maximum interest free credit period that can be availed by a credit cardholder is 50 days, if the customer pays the overall due amount of the previous month.
    • Revolving credit: The credit cardholder can also enjoy the facility of revolving credit wherein the outstanding balance can be paid as per their convenience. 5% of the billed amount or Rs. 100, whichever is the highest, is the minimum due payment each month. If the customer chooses to pay the minimum amount due, the remaining amount is adjusted to the next billing cycle.
    • SMS alerts: The credit cardholder will receive SMS alerts on the registered mobile number when transactions are made on the credit card. This will provide added protection against skimming and fraud.

    Fees and Charges:

    Joining Fee for Primary Card

    Rs. 250

    Annual Fee for Add-on Card

    Rs. 400

    Card Inactivity Fee

    Nil

    Free Credit Period

    Max. 50 days

    Interest on Credit

    2.5% per month or 30% per annum

    Minimum amount due

    5% of the billed amount subject to a minimum of Rs. 100

    Mark up in case of Transaction in foreign currency

    Max. 3%

    Duplicate Statement

    Rs. 10 for each page

    Cheque dishonor charges or unsuccessful payment instructions

    Rs. 50

    Cash Advance Limit

    50% of the credit Limit with a maximum overall Limit of Rs 5.00 lac.

    Cash Advance Limit on Add-on card

    Maximum cash limit for individual Add on card is Rs. 25,000

    Transaction fee for cash withdrawal against Credit account at Canara Bank ATMs and branches

    3% of the transaction amount subject to a minimum of Rs. 30/- for every Rs. 1000 or part thereof.

    Eligibility:

    In order to be eligible for availing the Canara Corporate Card - Visa

    • Companies/Firms that are customers of Canara Bank and have credit limits as well as S1 and S2 status.
    • Those Companies that do not have a credit limit with the Bank should at least have 12 months of transaction history with the Bank.
    • Corporate Visa Cards are issued to member affiliate banks as well.

    Documentation:

    The following documents have to be submitted by the corporate or firm at the time of applying for the Canara Corporate Visa credit card:

    • Board Resolution according to the Performa provided by the Bank or concerned department of the Bank.
    • Constitution papers such as the Partnership deed (for firms), or in case of companies, the Articles of Association and Memorandum of Association.
    • Last three years’ financial statements of the company/firm.
    • Other relevant financial papers/ constitution papers.

    Canara Corporate Credit Card - Visa FAQs:

    1. Will I be liable towards the loss / theft/ misuse of my credit card?

      Canara Bank offers Lost Card protection through which the credit cardholder will only have a personal Liability worth Rs.1,000 from the time of reporting the loss of his/her Canara Visa Corporate Credit Card.

    2. Are there any restrictions on foreign transactions/ remittance made using this card?

      There are limitations on money transfer/ remittances made overseas, as laid down by the Foreign Exchange Maintenance Act, 1999. Even though the credit card can be used globally, foreign exchange transactions in Bhutan and Nepal are not permitted.

    3. What is the maximum period of interest free Credit period?

      Interest free credit period ranges from minimum of 20 days to a maximum of 50 days. But service charges, fees, etc. will be charged in case of cash withdrawal, Railway ticket booking, purchase of fuel, etc.

    4. How can I redeem my reward points?

      The credit cardholder can earn two reward points for every transaction worth Rs.100. The cashback available on 1 reward point is Re.0.25. Canara Bank provides a website solely for the purpose of reward point redemption. The 'Maxgetmore' programme offers more Reward Points to the credit cardholder. In order to redeem gifts on this website the customer must first register and activate the reward point account. Then the accumulated reward points can be redeemed against the purchase of an exciting range of products in various categories like - electronics, apparels, etc. and other services including DTH recharge, mobile recharge, purchase of movie tickets, etc.

    5. Is there a penalty on delay in payment of credit card dues?

      Yes, a nominal fee of 2% + service tax will be levied on the outstanding balance if the credit card dues are not paid by the due date of payment. In case of delayed payment of credit dues, customers with revolving credit are charged a fee of 2% of outstanding or a minimum amount of Rs. 10/- and the maximum cap is Rs. 150/-. If the cardholder does not have revolving credit then the fee charged as penalty for delayed payment is 2% of the outstanding amount or a minimum amount of Rs. 20/- and the maximum cap is Rs. 300/-.

    Other Top Credit Cards By Canara

    Canara Corporate Credit Card - Visa Reviews

    • Canara Bank Credit Card
      "Its Nice"
      0.5 4.0/5 "Great!"
      I availed Canara Bank platinum credit card, from last two years onwards, they have basic offers as other credit card. But they are providing good interest rate and life free charges for an existing customer, and they gave me insurance based on the credit card.
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      , bangalore
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    • Canara Bank Credit Card
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken a credit card with canara bank.The limit on the card is 10,000,i don't pay an annual fees to hold this card.I have been using the card for last three years.Net banking is convenient to use.The customer service don't respond on time.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 25, 2017
    • Canara Bank Credit Card
      "Good experience"
      0.5 4.0/5 "Great!"
      The experience with Canara Bank's Credit Card has been pretty good. They gave me this card on the basis of my Savings and Fixed deposit with the Bank. The card has a good credit limit of Rs.75000 and the repayment attached to the card is also pretty simple.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 25, 2017
    • Canara Bank Credit Card
      "Average service"
      0.5 2.0/5 "Expected more"
      There was no response from Canara bank , because I have raised a request saying that my Global credit card got expired, so I have requested for replacement of the card but I never got any response from canara bank end. The response part need to be improved with caanara bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 21, 2017
    • Canara Bank Credit Card
      "Better card to use"
      0.5 5.0/5 "Blown Away!"
      More than 2 years I use this Canara bank gold credit card. I got the credit limit of Rs.1,00,000 with this card. .I don't pay any annual fee to canara global gold credit card. I use this card for all kind of purchases with this card. I would say it is better card to use.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2017
    • Canara Bank Credit Card
      "Better"
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with Canara Bank. It was a classic credit card and the credit limit was better. I don't required more credit cards so I have returned to the bank. There was no much offers but they provide 50% withdrawal option without any interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Canara Bank Credit Card
      "Average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of CANARA bank for my credit card service I found lot of difficulty with CANARA credit service and the interest rate and fees and charges fine but they dont have application it was little disappointing for me it was totally a good experience with CANARA for my credit card service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2017
    • Canara Bank Credit Card
      "Good to Use"
      0.5 5.0/5 "Blown Away!"
      Canara Bank credit card is good but customer service is not upto the mark. They not giving any reminder call before the due date, I have taken this credit card before three months. Credit limit is nominal, they gave me only Rs.15,000, but they will increase it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 04, 2017
    • Canara Bank Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      From last 3 years i am using the credit card of Canara Bank and the customer service is real good from their end . The bank gave me a limit of 2 lakh and there is option of cash withdraw up to 50% and also i get reward points on using the card . I can say it is a good experience .
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • Canara Bank Credit Card
      "Easy card to use"
      0.5 4.0/5 "Great!"
      I hold a classic International master credit card from Canara bank for more than 2 years. The customer support is good with Canara bank credit card department. I am satisfied with the credit limit. There is no annual fee with this card. The minimum transactions need to be spent with this card otherwise the annual fee of Rs,600 will be charged. The rate of interest and the charges are nominal when compared with other banks.
      Was this review helpful? 0
      , allahabad
      Reviewed on Oct 14, 2017
    • Canara Bank Credit Card
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a very good service from CANARA bank for my credit card service even their interest rate and charges was nominal representatives and customer service also fine,I use to get good offers and points, so overall service is very excellent from CANARA bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 30, 2017
    • Canara Bank Credit Card
      "Excellent card to use"
      0.5 5.0/5 "Blown Away!"
      I use CANARA BANK credit card. CANARA BANK customer support is quick in response. I use this card very well as I like their services and also their EMI option is good for this credit card. I pay Rs. 250 as an annual fees for this card which is good compared with other banks credit cards.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 30, 2017
    • Canara Bank Credit Card
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I availed a life time free card from Canara bank. The bank offered good credit limit also there is an option to upgrade the limit in future. Basic on the salary account they have offered this card. I use this card for six months now, I never faced any issues because of my credit card. It is good to use.
      Was this review helpful? 0
      , thane
      Reviewed on Sep 11, 2017
    • Canara Bank Credit Card
      "Need to have flexible options"
      0.5 2.0/5 "Expected more"
      I hold a credit card with Canara bank and the major drawback in the card services is if I use the card for 50K to 60K in a month, I would have to repay the whole amount in the following month itself. There is no EMI facility to make my payments easier.
      Was this review helpful? 0
      , baddi
      Reviewed on Aug 03, 2017
    • Canara Bank Credit Card
      "Good in customer service"
      0.5 5.0/5 "Blown Away!"
      Canara bank offered a credit card. The yearly charges for the card is around 500 rupees. I did not check about the reward points and cash back offers. Credit limit is quite ok and the customer service is really good with the bank. I do not have any issues with Canara.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 12, 2017
    • Canara Bank Credit Card
      "Good To Use"
      0.5 5.0/5 "Blown Away!"
      I availed a life time free card from Canara bank. The bank offered good credit limit also there is an option to upgrade the limit in future. Basic documents are required to avail the card. I use this card for one and a half years, I never faced any issues because of my credit card. It is good to use.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 24, 2017
    • Canara Bank Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have used Canara bank and I have closed it because of credit limit was very lesser one. Response was good one with them and the customer service was also a good one. Offers are nil with them till now because it was the newly launched credit card. They are not having much exposure.
      Was this review helpful? 1
      , devanahalli
      Reviewed on Jun 10, 2017
    • Canara Bank Credit Card
      "Better Service"
      0.5 4.0/5 "Great!"
      Canara bank offered me a credit card. I do not remember the annual charges for the card. I do receive reward points and cash back offers from the bank. But then, I am not happy with the credit limit. I would like to increase the limit of the card. Hence I am not using this card frequently.
      Was this review helpful? 1
      , thrissur
      Reviewed on May 24, 2017
    • Canara Bank Credit Card
      "Comfortable to use"
      0.5 5.0/5 "Blown Away!"
      I hold credit card with Canara bank. But I am not regularly using the card I use rarely. I did not face any problem till date. I do not have any idea about reward points but I got cash back offer. There is no annual fee for my credit card.
      Was this review helpful? 1
      , salem
      Reviewed on May 24, 2017
    • Canara Bank Credit Card
      "Average"
      0.5 3.5/5 "Pretty good"
      Canara bank has offered me a credit card and the services on the card are not to my satisfaction. When I purchased something they billed me twice , there was a duplicate entry in my statement and when I reached out to them they took more than a month to rectify that transaction and for the same to reflect in the statement.
      Was this review helpful? 2
      , namakkal
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